Wednesday, March 24, 2010

Healthcare and greed Win

Mkt continue to push higher after weekend, congress approve obama healthcare plan.
Dow break thru new high, Nasdaq break thru resistence of 2400, mild one ! and SnP contonue to head next resistence of 1185...
Dow break thru fibo 161.8% level, look promising..

7 days more to go close up March rally, will last week of March retrace as Mkt already overcook for 15 days ? will window dressing push the mkt higher or retrace before April ?

3 benchmark show a bit of tired in momentum.... so sentiment overall still positive.

DOW
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Shot at 2010-03-23

S&P500
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Shot at 2010-03-23

XLV, healthcare look promising, may head the previous Jan high.

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Shot at 2010-03-23

Financial continue to lead the mkt, Citigroup been upgrade. Also heading towards 161% fibo level..

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Shot at 2010-03-23


Disclaimer : i do not hold any one of the stock mentioned above

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